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系統識別號 U0026-2101201620420000
論文名稱(中文) 產能限制與公司獲利能力之關聯性研究
論文名稱(英文) The Study on Relationship between Capacity Constraints and Profitability
校院名稱 成功大學
系所名稱(中) 財務金融研究所碩士在職專班
系所名稱(英) Graduate Institute of Finance (on the job class)
學年度 104
學期 1
出版年 105
研究生(中文) 廖敏堯
研究生(英文) Min-Yao Liao
學號 R87021430
學位類別 碩士
語文別 中文
論文頁數 34頁
口試委員 指導教授-陳政芳
召集委員-蔡群立
口試委員-黃炳勳
口試委員-林囿成
中文關鍵字 產能限制  營收成長  獲利能力  資本支出 
英文關鍵字 capacity constraint  sales growth  profitability  capital expenditure 
學科別分類
中文摘要 本文主要探討當公司面臨產能受限制時,營收成長對於公司獲利能力的影響;同時探討當公司面臨產能限制時,營收成長公司是否會採用提高資本支出方式,來解決目前產能受限制的問題。
研究結果顯示,當公司有閒置產能時,公司毛利率會隨著銷貨收入的提升而提升;然而,當公司的產能利用率較高時,公司毛利率反而會隨著收入提升而下降。此外,本文亦發現當銷貨收入成長的公司受到產能限制時,會認為目前的產能不足支應市場所需,傾向會採用提高資本支出的方式擴充機器設備,增加產能以解決現有產能限制的問題。
英文摘要 This paper investigates the impact of capacity constraint on the profitability. Specifically, this study examine if a firm with idle capacity can increases its profitability by increasing sales. In addition, this study further examines if firm with idle capacity are more likely to increase capital expenditure when sales growth remains high for the past successive period.
The findings suggest that firms’ profitability increase in sales when there is idle capacity, but decreases in sales when the firm approaches full capacity. Finally, the findings show that firms with idle capacity are more likely to increase capital expenditure in the following period when sales growth remains high for the past successive periods.
論文目次 摘要 I
致謝 V
目錄 VI
表目錄 VII
圖目錄 VIII
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 研究流程與架構 4
第二章 文獻探討 6
第一節 閒置產能會計處理準則 6
第二節 產能利用率相關文獻 8
第三節 營收成長相關文獻 10
第四節 研究假說 11
第三章 研究方法 13
第一節 實證模型設計 13
第二節 變數說明 14
第三節 資料來源與樣本選取 17
第四章 實證結果與分析 19
第一節 樣本敘述性統計量 19
第二節 相關性分析 20
第三節 多元迴歸分析 22
第五章 結論與建議 30
第一節 研究結論 30
第二節 研究限制與建議 31
參考文獻 32
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